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ORD. 2021-14 - Trophy Club COs 2021 FINAL Closing Memo= SAMCOCapital CLOSING MEMORANDUM $4,305,000 TOWN OF TROPHY CLUB, TEXAS (THE "TOWN") COMBINATION TAX AND LIMITED PLEDGE REVENUE CERTIFICATES OF OBLIGATION, SERIES, 2021 (THE "CERTIFICATES") Date: September 15, 2021 To: Attached Distribution List From: Mark M. McLiney Andrew T. Friedman SAMCO Capital Markets, Inc. (210) 832-9760 1. The closing time and date for the above -referenced issue (the "Certificates") is Wednesday, September 22, 2021, at 10:00 A.M., Central Time. A final debt service schedule is attached as Exhibit "A". This transaction will close through DTC's "Fast" Book Entry Only System. 2. Raymond James & Associates, Inc. (the "Purchaser") shall wire $4,584,468.86 to BOKF, NA, Dallas, Texas (the "Paying Agent/Registrar"), ABA #103900036, Account #600024642, Wealth Management Account, Re: Town of Trophy Club, Texas Combination Tax and Revenue Certificates of Obligation, Series 2021, Attn: Caresse Tankersley (214-987-8886), calculated as follows: Par Amount of the Certificates $4,305,000.00 Plus: Accrued Interest 7,644.58 Plus: Net Reoffering Premium 297,691.35 Less: Purchaser's Discount (25,867.07) Total Amount to be Wired by the Purchaser $4 584 468.86 3. The Paying Agent/Registrar shall wire $4,500,000.00, representing the Project Fund, to InterBank Grapevine (the "Depository Bank") ABA #103000703, Acct #1755477284, Attn: Janette Johnson, (817) 421-1212. 4. The Paying Agent/Registrar shall wire $11,949.58, representing $7,644.58 Accrued Interest and a $4,305.00 reimbursement of Attorney General Fee, to State Street Bank & Trust Company Boston, MA, ABA #011000028, BNF —Attn: TexPool #67573774, RFB — Location #000077368, OBI — 449/610800003, Participant Name — Town of Trophy Club Interest & Sinking Account, Attn: Denise Hamala (866) 839-7665 5. The Paying Agent/Registrar shall retain $400.00 representing first year's Paying Agent/Registrar fee. Closing Memorandum Town of Trophy Club, Texas Combination Tax and Limited Pledge Revenue Certificates of Obligation, Series 2021 p.2 6. The Paying Agent/Registrar shall wire $10,000.00, to Bracewell LLP, representing Bond Counsel fee and expenses to Wellls Fargo Bank, N.A., 420 Montgomery, San Francisco, CA 94104, Name on Account: Bracewell LLP, Bank Account Number: 5436952757, ABA Number: 121000248, Invoice #21916328. 7. The Paying Agent/Registrar shall wire $62,119.28 from the proceeds of the Certificates, to SAMCO Capital Markets, Inc. for certain other fees and expenses associated with the legal authorization and issuance of the Certificates, to Wells Fargo Bank, N.A., San Francisco, Account Name: SAMCO Capital Markets, Inc., Account # 2000019286402, ABA Routing # 121000248, Issue Name: Town of Trophy Club, Texas Combination Tax and Limited Pledge Revenue Certificates of Obligation, Series 2021, F/C: San Antonio Public Finance II #519.05, Attn: Georgia A. Bosworth (512) 344-7463. 8. The Good Faith Deposit in the amount of $90,000.00 will be returned to: Raymond James & Associates, Inc. Attn: Return of Good Faith —Trophy Club 880 Carillon Parkway, Tower 3 St. Petersburg, FL 33716 901-579-3567 9. The Reconciliation of Receipts and Disbursements is as follows: Receipts: Par Amount of the Certificates $ 4,305,000.00 Plus: Accrued Interest 7,644.58 Plus: Net Reoffering Premium 297,691.35 Less: Purchaser's Discount (25,867.07) Total Receipts S 4,584,468.86 Disbursements: Project Fund Deposit for the General Fund $ 4,500,000.00 Accrued Interest and the Reimbursement 11,949.58 Paying Agent/Registrar Fee (First Year) 400.00 Bond Counsel Fees and Expenses 10,000.00 Costs of Issuance 62,119.28 Total Disbursements S 4,584,468.86 qq SAMCO Capital BOND DEBT SERVICE Trophy Club, Town of Combination Tax and Revenue Certificates of Obligation, Series 2021 FINAL NUMBERS Callable 3/1/30 at Par Dated Date 09/01/2021 Delivery Date 09/22/2021 Period Ending Principal Coupon Interest Debt Service Annual Debt Service 03/01/2022 645,000 4.000% 65,525 710,525 09/01/2022 52,625 52,625 09/30/2022 763,150 03/01/2023 575,000 4.000% 52,625 627,625 09/01/2023 41,125 41,125 09/30/2023 668,750 03/01/2024 55,000 4.000% 41,125 96,125 09/01/2024 40,025 40,025 09/30/2024 136,150 03/01/2025 100,000 4.000% 40,025 140,025 09/01/2025 38,025 38,025 09/30/2025 178,050 03/01/2026 145,000 4.000% 38,025 183,025 09/01/2026 35,125 35,125 09/30/2026 218,150 03/01/2027 150,000 4.000% 35,125 185,125 09/01/2027 32,125 32,125 09/30/2027 217,250 03/01/2028 155,000 4.000% 32,125 187,125 09/01/2028 29,025 29,025 09/30/2028 216,150 03/01/2029 165,000 4.000% 29,025 194,025 09/01/2029 25,725 25,725 09/30/2029 219,750 03/01/2030 170,000 4.000% 25,725 195,725 09/01/2030 22,325 22,325 09/30/2030 218,050 03/01/2031 175,000 3.000% 22,325 197,325 09/01/2031 19,700 19,700 09/30/2031 217,025 03/01/2032 180,000 2.000% 19,700 199,700 09/01/2032 17,900 17,900 09/30/2032 217,600 03/01/2033 185,000 2.000% 17,900 202,900 09/01/2033 16,050 16,050 09/30/2033 218,950 03/01/2034 185,000 2.000% 16,050 201,050 09/01/2034 14,200 14,200 09/30/2034 215,250 03/01/2035 190,000 2.000% 14,200 204,200 09/01/2035 12,300 12,300 09/30/2035 216,500 03/01/2036 195,000 2.000% 12,300 207,300 09/01/2036 10,350 10,350 09/30/2036 217,650 03/01/2037 200,000 2.000% 10,350 210,350 Aug 24, 2021 11:40 am Prepared by SAMCO Capital (ATF) (Finance 8.500 Trophy Club, Town of:GO-2021) Pagel qq SAMCO Capital BOND DEBT SERVICE Trophy Club, Town of Combination Tax and Revenue Certificates of Obligation, Series 2021 FINAL NUMBERS Callable 3/1/30 at Par Annual Period Debt Debt Ending Principal Coupon Interest Service Service 09/01/2037 8,350 8,350 09/30/2037 218,700 03/01/2038 205,000 2.000% 8,350 213,350 09/01/2038 6,300 6,300 09/30/2038 219,650 03/01/2039 205,000 2.000% 6,300 211,300 09/01/2039 4,250 4,250 09/30/2039 215,550 03/01/2040 210,000 2.000% 4,250 214,250 09/01/2040 2,150 2,150 09/30/2040 216,400 03/01/2041 215,000 2.000% 2,150 217,150 09/30/2041 217,150 4,305,000 920,875 5,225,875 5,225,875 Aug 24, 2021 11:40 am Prepared by SAMCO Capital (ATF) (Finance 8.500 Trophy Club, Town of:GO-2021) Page 2 = SAMCO Capital $4,305,000 Town of Trophy Club, Texas Combination Tax and Revenue Certificates of Obligation, Series 2021 ISSUER Mr. Wade Carroll Town Manager Mr. Mike Erwin Finance Manager Town of Trophy Club 1 Trophy Wood Drive Trophy Club, Texas 76262 Telephone: (682) 237-2900 wcarroll@trophyclub.org merwin@trophyclub.org aduvall@trophyclub.org BOND COUNSEL Ms. Julie Partain Bracewell & Giuliani LLP 1445 Ross Avenue, Suite 3800 Dallas, Texas 75202 Telephone: (214) 758-1606 Julie.partain@bgllp.com Shana.hight@bgllp.com Todd.greenwalt@bgllp.com PURCHASER Mr. Randall Hawkins Ms. Becky Gravely Raymond James & Associates, Inc. 5956 Sherry Lane Dallas, Texas 75225 Telephone: (214) 365-5521 randall.hawkins@raymondiames.com becky.gravely@raymondiames.com luke.mattson@raymondiames.com DISTRIBUTION LIST FINANCIAL ADVISOR SAMCO Capital Markets, Inc. Mr. Mark McLiney Mr. Andrew Friedman Ms. Veronica Alonzo 1020 Northeast Loop 410, Suite 640 San Antonio, Texas 78209 Telephone: (210) 832-9760 mmclinev@samcocapital.com afriedman @samcocaPita Lcom valonzo@samcocapital.com mhamilton@samcocapital.com cwhitlock@samcocapital.com ssledge@samcocapital.com PAYING AGENT/REGISTRAR Mr. Tony Hongnoi Ms. Caresse Tankersley Ms. Erin Fitzpatrick Mr. Anthony Orozco BOKF, NA Corporate Trust Department 5956 Sherry Lane, Suite 1201 Dallas, TX 75225 972-892-9968 (Tony) thongnoiCo)bokf. com CTankersle y crtokf. com Efitzpatrick(ft okf. com aorozco(aDbokf. com DEPOSITORY BANK Ms. Janette Johnson InterBank Grapevine Telephone: (817) 421-1212 Janette.iohnson@interbank.com Ms. Denise Hamala State Street Bank & Trust Company Telpehone: (866) 839-7665 Denise.hamala(@federatedhermes.com T qqq SAMCOCapital Mr. Wade Carroll Town Manager Town of Trophy Club 1 Trophy Wood Drive Trophy Club, Texas 76262 STATEMENT For Financial Advisor services rendered and expenses incurred in connection $ 62,119.28 with the legal authorization and issuance of $4,305,000 Town of Trophy Club, Texas Combination Tax and Limited Pledge Revenue Certificates of Obligaiton, Series 2021